Business

Medscape Physician Compensation Report 2014

“We believe — and this is after years of verifying doctors, talking with actual doctors, talking with business leaders, and talking with physicians who are influencers — that there are slightly more than 4000 physicians who are verifiably, actively practicing concierge medicine or direct primary care across the United States, with probably another 8000 practicing under the radar giving this particular sector of membership medicine 12,000 nationally,” Michael Tetreault, Editor of Concierge Medicine Today, a the trade journal for the industry.

concierge medicine direct primary care business books

By Leslie Kane and Carol Peckham

medscape salaries 2014APRIL 18, 2014 – Over 24,000 physicians in 25 specialties responded to this year’s Medscape Compensation Report and described their compensation, number of hours worked, practice changes resulting from healthcare reform, and adaptations to the new healthcare environment.

Highlights and contributions from Concierge Medicine Today and our sister publication, The Direct Primary Care Journal include:

  • When comparing newer payment models with survey results from 2011, there has been a dramatic rise in physicians choosing ACOs, with 24% of all physicians now employed in these organizations vs only 3% in 2011.
  • Furthermore, 10% are planning on joining this year. In spite of considerable publicity, cash-only and concierge practices are still not significant payment models. [11,12]
  • In the Medscape survey, participation in concierge medicine and Direct Primary Care practices increased from 1% to 3%.
  • Glen Stream, AAFP Board Chair, said in May 2013, “[Direct Primary Care] is one option that is particularly well suited for small family medicine practices that are struggling financially in environments not yet supporting [the patient-centered medical home] with a viable payment model.” [14]
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Medscape Physician Compensation Report 2014

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Source: http://www.medscape.com/features/slideshow/compensation/2014/public/overview

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